LVMH luxury group in talks to buy French newspaper, 8 years after buying financial daily + MORE May 26th

(AP Photo/John Locher, File)
LAS VEGAS — If the World Series of Poker is lucky, the popularity of the Las Vegas championship’s newest event could cause a poker chip shortage.
The annual set of 68 tournaments at the Rio All-Suite Hotel & Casino that rewards millions of dollars to the best card sharks starts Wednesday with a new event dubbed the Colossus expected to attract at least 10,000 players.
The Colossus represents the lowest buy-in in 35 years with players ponying-up $565 each to win their share of a $5 million prize pool, with the winner likely walking away with nearly $600,000.
The 45-year-old event now owned by Caesars Interactive Entertainment Inc. is also spreading the wealth for its $10,000 no-limit Texas Hold ’em main event and hosting an online tournament that will end with a live poker matchup.
The World Series of Poker drew 82,360 players last year with 10 per cent winning some of the $227.7 million in prize money.
Lance Bradley, the editor in chief of poker news site Bluff…

PARIS – The world’s No. 1 luxury goods company LVMH is in talks to buy respected French newspaper Le Parisien, a purchase that would complement its other media holding, the financial daily Les Echos.
A statement issued on Tuesday by LVMH said that it was in exclusive negotiations with the Amaury Group which owns the daily Le Parisien and its sister paper Aujourd’hui en France. Amaury also owns ASO, which runs the Tour de France cycling race. It didn’t say what it was offering.
Francis Morel, chief of Les Echos group, told the daily Le Figaro that his newspaper expected a profit in 2015 after years of struggling, but “I’m convinced that remaining isolated isn’t an option.”
Le Parisien/Aujourd’hui en France, founded in 1944, has a circulation of some 378,300.
The post LVMH luxury group in talks to buy French newspaper, 8 years after buying financial daily appeared first on Canadian Business – Your Source For Business News.

Canada’s biggest banks are scheduled to report their fiscal second-quarter earnings this week, results that will test how lenders are coping with lower oil prices and sluggish economic growth.

U.S. dollar jumps amid on data showing that U.S. business investment spending plans increased solidly

Q: We are ready to retire within a few months. We are not sure how to handle our investments.
We have about $400,000 in RRSPs through the bank and a mutual fund company. We have a holding company which we purchased a cottage through. We are planning to sell our home and live at the cottage–home value about $1 million. We have no company pensions, but CPP and OAS is about $1,800 per month. My husband is selling his part of his business to his partner for $200,000, which will add to our net worth (not sure of tax implications).
Should we purchase an annuity to give us a monthly income?
We are confused.
—Joanne
A: Your net worth is an impressive $1.6 million, plus the value of your cottage, where you plan to retire. Clearly you and your husband have done well over the years, Joanne.
I can’t say the same for your accountant and your financial advisors. You have tax and retirement issues and questions that have not been addressed, despite the fact that your retirement is mere months away…